CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-01-07 08:07:59

UAE Bitcoin mining group expands presence in USA

Phoenix Group, a UAE crypto blockchain tech entity listed on the Abu Dhabi Stock Exchange (ADX) has expanded its bitcoin mining operation with a 50 MW mining facility in the heart of USA, in North Dakota. This is not the first site in the USA. In July 2024, it unveiled a 25 MW mining facility in South Carolina. The completed site, will add 2.7 exahashes to Phoenix’s global hashrate. The new facility leverages advanced technologies and optimized designs to maximize energy efficiency and performance. As per the press release , the expansion significantly strengthens the company’s capacity to secure the bitcoin blockchain network and underscores its commitment to innovation and scalability. This is an initial step in expanding Phoenix Group’s UAE mining capabilities and investments in the United States. Securing the blockchain, one hash at a time. Phoenix Group proudly energizes its cutting-edge 50MW mining facility in North Dakota. Completed in under 5 months, this engineering marvel adds 2.7 exahashes to our capacity. As Munaf Ali, CEO of Phoenix Group, states, “This is a… pic.twitter.com/5FGLtgIGsB — Phoenix Group (@phoenixgroupuae) January 6, 2025 Reza Nedjatian, Chief Executive Officer of Phoenix Group’s Global Mining Operations, added, “The United States has always been a key hub for our mining operations and the opening of the Dakota site is another major step in Phoenix Group expanding its investment in this key market.” Bitcoin mining group Phoenix adds 20 MW in Canada In October 2024, the group unveiled its new 20-megawatt mining facility in St Leon, Canada. The site added 700PH and provided the lowest electricity price (0.039 USD) in the Phoenix Group fleet with more than 97% uptime. Earlier Seyed Mohammad Alizadehfard (Bijan), stepped down and been replaced by Munaf Ali, a co-founder as well who previously held the position of Group Managing Director. As per the press release, Seyed Mohammad Alizadehfard (Bijan), will step down to focus on expanding and managing his investment fund. Phoenix is already working with leading investment banks and crypto advisers on possible dual listing opportunities in favorable international jurisdictions for 2025. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap

Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine